UAE to Become Leading Destination for Blockchain-Related Businesses in 2019, Experts Say

The United Arab Emirates (UAE) is looking to join the list of leading destinations for blockchain-related businesses in 2019 due to promising new crypto legislation. Experts commented on the situation to the UAE’s daily newspaper The National on Monday, Dec.…

Dubai Police Chief: Digital Currency Will ‘Soon Replace’ Cash Despite Hurdles

A senior Dubai law enforcement official has predicted that digital currency will “soon” usurp cash, local news outlet Khaleej Times reported Sunday, September 16. Speaking during a panel he was heading, Lt-Gen Dhahi Khalfan Tamim, deputy chairman of the Dubai…

Unconfirmed: UAE Preparing to Adopt Formal ICO, Fintech Regulations, Local Media Report

The United Arab Emirates (UAE) has approved a draft of regulations governing Initial Coin Offerings (ICO), local media outlet WAM reported Sunday, September 9 citing government sources. The reported move comes in addition to lawmakers in the country adopting plans…